McDonough Capital Management Inc Increases Stake in The Home Depot, Inc. $HD

McDonough Capital Management Inc boosted its stake in shares of The Home Depot, Inc. (NYSE:HD) by 4.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 15,978 shares of the home improvement retailer’s stock after purchasing an additional 670 shares during the period. Home Depot makes up about 2.5% of McDonough Capital Management Inc’s portfolio, making the stock its 12th biggest position. McDonough Capital Management Inc’s holdings in Home Depot were worth $5,858,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legend Financial Advisors Inc. acquired a new position in shares of Home Depot in the 2nd quarter valued at $28,000. LFA Lugano Financial Advisors SA purchased a new stake in Home Depot during the 2nd quarter valued at about $32,000. Legacy Investment Solutions LLC acquired a new position in shares of Home Depot in the second quarter valued at about $35,000. Global X Japan Co. Ltd. purchased a new position in shares of Home Depot in the second quarter worth about $40,000. Finally, GFG Capital LLC purchased a new position in shares of Home Depot in the second quarter worth about $40,000. Hedge funds and other institutional investors own 70.86% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on HD shares. JPMorgan Chase & Co. dropped their target price on Home Depot from $452.00 to $444.00 and set an “overweight” rating on the stock in a research report on Monday, November 10th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $370.00 price objective (down from $440.00) on shares of Home Depot in a report on Friday. DA Davidson reiterated a “buy” rating and issued a $450.00 price objective on shares of Home Depot in a research note on Tuesday, August 19th. Morgan Stanley raised their target price on shares of Home Depot from $415.00 to $430.00 and gave the stock an “overweight” rating in a report on Wednesday, August 20th. Finally, Wolfe Research started coverage on shares of Home Depot in a report on Thursday, September 18th. They issued an “outperform” rating and a $497.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $429.33.

Home Depot Trading Down 1.1%

Shares of Home Depot stock opened at $358.31 on Tuesday. The firm has a 50-day simple moving average of $391.91 and a two-hundred day simple moving average of $382.00. The company has a debt-to-equity ratio of 4.31, a quick ratio of 0.34 and a current ratio of 1.15. The Home Depot, Inc. has a fifty-two week low of $326.31 and a fifty-two week high of $439.37. The company has a market cap of $356.66 billion, a P/E ratio of 24.34, a price-to-earnings-growth ratio of 3.59 and a beta of 1.00.

Home Depot (NYSE:HD) last posted its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 EPS for the quarter, missing analysts’ consensus estimates of $3.84 by ($0.10). The business had revenue of $41.35 billion for the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a net margin of 8.86% and a return on equity of 193.99%. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, equities analysts predict that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 18th. Stockholders of record on Thursday, September 4th were given a $2.30 dividend. The ex-dividend date was Thursday, September 4th. This represents a $9.20 dividend on an annualized basis and a dividend yield of 2.6%. Home Depot’s payout ratio is 62.50%.

Insider Buying and Selling at Home Depot

In other news, EVP Angie Brown sold 1,000 shares of the stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $404.07, for a total transaction of $404,070.00. Following the transaction, the executive vice president owned 3,837 shares in the company, valued at $1,550,416.59. This trade represents a 20.67% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Richard V. Mcphail sold 3,369 shares of Home Depot stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $403.66, for a total transaction of $1,359,930.54. Following the completion of the sale, the chief financial officer directly owned 45,455 shares in the company, valued at $18,348,365.30. This represents a 6.90% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 48,835 shares of company stock worth $19,623,432. 0.10% of the stock is currently owned by corporate insiders.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.